The Central Bank of Nigeria has given reasons why the nation’s external reserves, which currently stand at $44bn, have been on a downward trend lately. Speaking during the CBN Day…
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Category: Economy
Naira abuse: CBN to try offenders in mobile court
Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency. They…
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Traders bet on oil at $100 as Iran sanctions loom
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record…
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Oil and Gas Export Sales up 35% to $416m
The Nigerian National Petroleum Corporation, NNPC, has announced a total crude oil and gas export sales of $416.07 million in June 2018, which is 35.78 per cent higher than the previous…
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World Investors Week: SEC charges Nigerians on financial inclusion
The Securities and Exchange Commission (SEC) on Thursday charged Nigerians to key into the financial system and invest in the capital market. The Director-General, Ms Mary Uduk, stated this while…
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